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20120927
20120927
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MSNBC
Sep 27, 2012 9:00am PDT
leads to economic growth here in the united states. >> yes, as i mentioned in the column, i brought a version of that chart to see paul ryan a year or so ago when hes and a member of congress and, like a lot of journalists i spoke to him regularly about economic pr policy and said, how do you square this chart with the idea tax cuts are the most important factor in creating economic growth? you don't need a chart, think about the last 20 years or so. h.w. bush first, then bill clinton raised taxes, all of these predictions of doom, instead we had the '90s boom and george w. bush cut taxes and there were predictions of prosperity and instead we had the slowest decade since world war ii and then the crisis. none of this is to say that tax cuts cause economic problems or tax increases lead to prosperity. i don't know anyone who seriously makes that argument. the question is, how important are tax cuts to economic growth? and i don't know how you look at recent history and say that relatively modest changes in the top marginal tax rate is the main force driving the american economy. >>
Search Results 0 to 1 of about 2 (some duplicates have been removed)